Search results
Compilation Engagements. Source: SSARS No. 21; SSARS No. 23; SSARS No. 25. Effective for compilations of financial statements for periods ending on or after December 15, 2015, unless otherwise indicated. Introduction. Scope of This Section.
SSARS No. 21 comprises four sections: Section 60, General Principles for Engagements Performed in Accordance With Statements on Standards for Accounting and Review Services. Section 70, Preparation of Financial Statements. Section 80, Compilation Engagements. Section 90, Review of Financial Statements.
SSARS No. 21 is structured as follows: . Section 60, General Principles for Engagements Performed in Accordance With Statements on Standards for Accounting and Review Services— Provides general principles for SSARSs engagements.
19 sie 2024 · SSARS 21 completely superseded almost all previously outstanding SSARS to revise the standards for reviews, compilations, and engagements when preparing financial statements to provide greater clarity.
1 gru 2014 · SSARS No. 21 creates a bright line between accounting services (preparation) and reporting services (compilation or review). A report is now required for all compilation engagements, and the standard report is just one paragraph with no headings.
It took years of deliberation and professionwide collaboration to produce Statement on Standards for Accounting and Review Services (SSARS) No. 21. Here’s how the AICPA Accounting and Review Services Committee (ARSC) developed the standard, which was issued Oct. 23: Initial exposure draft On June 29, 2012, ARSC initially exposed for
The AICPA Accounting and Review Services Committee (ARSC) substantially completed its clarity project of the Statement on Standards for Accounting and Review Services with the issuance of SSARS No. 21, Statements on Standards for Accounting and Review Services: Clarification and Recodification.
